Good job Obama administration, for landing a $20 billion pay day from BP. With BP obligated to pay out 1.25bill per quarter, indefinitely, the Gov’t can allocate that new money to all sorts of new/cool/improved government welfare programs. As sure as I am sitting here, SOME MOTHERFUCKER IN N. DAKOTA WILL GET SOME BP MONEY, as their economy will be “effected” by the Gulf disaster too.
Fuck the government, with a metal rod, dressed with spikes.
The markets are consolidating here, with a bullish undertone. Nevertheless, it makes sense to stay hedged here, as the proverbial rug can be pulled at any time.
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what are we supposed to do? let the taxpayers pay for it? bp management are the ones that decided to put the company at risk.
if [idiot] bush [pick either] had done it this way, would it be ok? would it be/have been the macho, right thing to do?
too much obama hating from too many. i am a republican by the way.
You are full of shit, by the way. Spare us.
__________
That guy in North Dakota may also be affected by the crisis. After six up days, the market will probably cool for one or two days.
Itsnot a black thing, you know. It an idiot, lying thing. I voted for that idiot obama, but as sure as i stand here, i will help vote him out too.
Actually, from purely economic point of view the spill is a negative externality, which Obama forced BP to pay for instead of putting it on taxpayers’ bill. Absolutely rational response. What else is there to do when all technical means repeatedly fail? At least Obama is not a hot air baloon as McCain would be in this situation.
How many people are going to try and compare a hypothetical McCain or Bush response today? Neither of these people are in charge right now; Obama is.
Congratulations! You completely missed the point!
New Normal…..Fuckers…
Hey Old man retireeee..
You think 5% yield is your God Given Right?
Enjoy that IPAD4…and your $12 Burgers.
I’m looking for A Mr. Devil Dog..(spoken in Fly cartoon voice)
http://www.youtube.com/watch?v=PoendYt_ZJ0&feature=related
Do you plan an iphone version of the ppt ? I execute alot of trades on my iphone. Thx
Do you plan an iphone version of the ppt ? I execute alot of trades on my iphone. Thx
Do you plan an iphone version of the ppt ? I execute alot of trades on my iphone. Thx
Let’s hope your trades don’t get entered 3x like your comments
Fields is triple-leveraged, like his instruments…
Get the intra-day PPT emailed to you, fields, then check your iphone email. Or, setup your email so that it automatically forwards as a text message to your phone (AT&T does this for free, at least in Texas.
Ironically, I sold out of my TYH position at the close today for 10%
TYH has been good, hasn’t it?
Enter rug, stage left?
AAAAAND there we go.
Several weeks ago Matt Simmons said there were other much bigger leaks, then he disappeared from the press. Today, Bloomberg had experts on explaining that there were indeed other bigger leaks …bigger then the single one shown on the BP video feed. They then showed how BP’s negligence cause the other leaks.
The president did not acknowledge the other leaks last night…or in his comments today.
WTF? Do other leaks exist or not.
There is nothing to see here. Please move along.
Watch for Sterling to get bitch slapped. Hey, we should all move to the gulf coast now and file our claims!!
Did you all hear that apple makes phones now? Apparently, its not yet priced in to the stock. Quick, sneak in and buy AAPL– before everyone finds out.
CNBC has added BP quote to their indices box now .. BP is the new GS
Funny shit … CNBC needs to be bitch slapped
Adding unlimited liability helps dismantle capitalism. Energy investing is more risk now.
Are we sure Obama is motivated to stop the slick?
Sorry for triple post earlier..
You’ll need to repeat that two more times please.
Please repeat two more times and you’re excused.
Don’t be a dip. That’s $20 billion less that the US doesn’t have to borrow. For BP, that’s one year’s profits. It’s clear that they fucked up, and so they should pay. This one is really clear. And politically, it’s totally necessary.
Note: I’m long BP from about $34.
No reason why this shouldn’t bounce to $40 at least in the near future.
This week a chain of emails from BP’s well engineering team came out showing how they were aware of the risks but decided to carry on. I’m thinking it will take a long time of wage garnishment to make up $20 billion.
I would also hope the dudes named in the emails have unlisted phone numbers by now.
North dakota has the best economy in the nation and among the lowest welfare rates.
Excellent point, tho.
Money is a thing used to buy votes in obamas world
AHA!!! Finally someone gets it. Obama could care less about the sea life and people of the GoM. It’s all photo op and vote getting as usual.
I live in North Dakota and nothing affects our economy. When you coasters are going gangbusters we putter along. When the bottom falls out we putter along (on our tractors) with our oil and ag cheques in hand…
On a side note…I have clients making a killing in the imported seafood business right here in Fargo, ND.
I am 99% sure I read in USA Today, whilst at a hotel, that ND has the THREE lowest unemployment rate cities in the country, and highest millionaires per capita of any state.
True and true…though the millionaire are a product of the “discovery” of the bakken shale formation which is why ND has the highest stripper well oil production of any state in this here union. What was a former wasteland is now profitable since they can pull oil out of rock with new technology for about $35 a barrell.
The unemployment rate (about 4% currently) has always been because you have to be dedicated to live in this climate (though today it is a balmy 85 degrees and sunny – winters hit -30).
http://oilshalegas.com/bakkenshale.html